Russia-China investment fund to invest into united transport concession holding – source

TASS, 31.10.2017

The Russia-China investment fund will invest into the united transport concession holding in Russia, a source familiar with the deal terms told reporters on Tuesday.

"The Russian Direct Investment Fund (RDIF) confirms that the Russia-China investment fund will invest into the united transport holding, including the backup of the Kutuzovsky Avenue [in Moscow - TASS]. It will join our Saudi partners in investments into the Russian infrastructure," the source said.

The RDIF and Saudi Arabia’s Public Investment Fund (PIF) signed earlier an agreement on investments into the united transport concession holding in the amount up to $100 mln.

The united transport concession holding was founded in 2017 for implementation of investment projects in Russian in the sphere of construction and operation of motorways and railways and municipal transport.